Roca Mines (TSX: V.ROK, Stock Forum), after Thursday’s close, said global uncertainty and a general weakening of support in the resource sector and in particular molybdenum investments have brought the company to a point where new financial initiatives must be undertaken.
Roca and its wholly-owned subsidiary, FortyTwo Metals Inc., added it has recently engaged a financial advisor to assist in evaluating a broader range of opportunities available to it, including: structured debt, asset and tax pool sales, joint ventures and other arrangements.